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Vietnam - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicates Price in Vietnam - 2021
Contents:
- Silicates Price in Vietnam (CIF) - 2021
- Silicates Price in Vietnam (FOB) - 2021
- Silicates Imports in Vietnam
- Silicates Exports in Vietnam
Silicates Price in Vietnam (CIF) - 2021
The average silicates import price stood at $799 per ton in December 2021, shrinking by -5.7% against the previous month. Over the period under review, import price indicated a modest expansion from December 2020 to December 2021: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, silicates import price increased by +26.2% against September 2021 indices. The most prominent rate of growth was recorded in January 2021 an increase of 68% against the previous month. The import price peaked at $1,192 per ton in March 2021; however, from April 2021 to December 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Malaysia ($2,073 per ton), while the price for Indonesia ($444 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicates Price in Vietnam (FOB) - 2021
In December 2021, the average silicates export price amounted to $507 per ton, with an increase of 14% against the previous month. Over the period under review, the export price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in March 2021 an increase of 42% month-to-month. Over the period under review, the average export prices hit record highs at $1,567 per ton in April 2021; however, from May 2021 to December 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($2,239 per ton), while the average price for exports to South Korea ($379 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates Imports in Vietnam
In 2022, purchases abroad of silicates, commercial alkali metal silicates decreased by -84.4% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports reached the peak of 11K tons, and then fell markedly in the following year.
In value terms, silicates imports shrank sharply to $1.9M in 2022. Overall, imports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of $11M, and then reduced markedly in the following year.
Import of Silicates in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4,316 | 5,108 | 7,218 | 1,041 | -37.8% |
Japan | 1,829 | 908 | 1,155 | 287 | -46.1% |
South Korea | 417 | 508 | 694 | 101 | -37.7% |
Taiwan (Chinese) | 422 | 565 | 509 | 97.4 | -38.7% |
Malaysia | 355 | 668 | 186 | 83.3 | -38.3% |
United States | 254 | 598 | 483 | 81.4 | -31.6% |
Thailand | 391 | 140 | 37.1 | 49.3 | -49.9% |
Indonesia | 157 | 260 | 339 | 45.5 | -33.8% |
Others | 501 | 564 | 422 | 90.8 | -43.4% |
Total | 8,641 | 9,318 | 11,042 | 1,877 | -39.9% |
Top Suppliers of Silicates to Vietnam in 2022:
- China (861.0 tons)
- Taiwan (Chinese) (178.0 tons)
- Japan (109.6 tons)
- Indonesia (95.1 tons)
- United States (81.6 tons)
- South Korea (72.8 tons)
- Thailand (69.7 tons)
- Malaysia (68.4 tons)
Silicates Exports in Vietnam
After three years of growth, overseas shipments of silicates, commercial alkali metal silicates decreased by -57.4% to 711 tons in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 204%. As a result, the exports reached the peak of 1.7K tons, and then dropped notably in the following year.
In value terms, silicates exports declined rapidly to $622K in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 147%. As a result, the exports attained the peak of $1.7M, and then shrank sharply in the following year.
Export of Silicates in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 0.6 | 153 | 518 | 344 | 730.7% |
Philippines | 67.0 | 188 | 185 | 123 | 22.4% |
Myanmar | 324 | 91.1 | 108 | 71.7 | -39.5% |
Cambodia | 99.4 | 2.1 | 44.2 | 29.3 | -33.4% |
Malaysia | 75.1 | 167 | 25.5 | 28.9 | -27.3% |
Thailand | 14.3 | 25.4 | 16.9 | 11.2 | -7.8% |
Indonesia | 2.7 | 18.0 | 14.9 | 9.9 | 54.2% |
Bangladesh | N/A | N/A | 56.9 | N/A | 0% |
South Korea | 11.1 | N/A | 596 | N/A | 632.8% |
Netherlands | N/A | N/A | 80.9 | N/A | 0% |
Others | 117 | 31.0 | 26.4 | 4.4 | -66.5% |
Total | 712 | 676 | 1,672 | 622 | -4.4% |
Top Export Markets for Silicates from Vietnam in 2022:
- Taiwan (Chinese) (303.1 tons)
- Philippines (144.3 tons)
- Cambodia (95.2 tons)
- Myanmar (92.7 tons)
- Indonesia (26.3 tons)
- Malaysia (22.8 tons)
- Thailand (19.4 tons)
This report provides an in-depth analysis of the silicates market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20136240 - Silicates, commercial alkali metal silicates
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
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